Have the right information available when you need it.
In an era of technological disruption, with massive amounts of data and unprecedented competitive demand to upgrade finance function with digital capabilities, well-run organizations must make fast and high-quality decisions to support their overall strategy and meet financial goals.
It’s imperative to incorporate uncertainty into the decision making process, by transforming static figures and experience into smart tools and a strong guidance to manage complex decisions.
Your company requires the right business insights and real-time information to drive growth and profitability.
How to make better decisions for your business?
Plan, Monitor and Report. Convert data into reliable and consistent information, with planning and forecasting in one tool only. Leverage cognitive and AI solutions, add deeper insights as well as predictive and prescriptive capabilities on both planning and reporting.
At Deloitte, we help you transform your decision making into a robust and data-driven process, combining information, technology, models and data analytics.
SMART Decision: unlimited power of data
SMART Decision framework integrates the data from the company’s different internal sources and converts it into information, providing data visualization tools and insights for an overall view of the business performance. It presents information in a set of dashboards with the results of all the company's segments and provides dynamic analysis for the entire model or specific business areas (e.g. sales, claims, costs, solvency, provisions, and impairment).
What’s in it for your business?
Agile & integrated planning
- Leverage driver-based methodologies and forecast
- Reduce planning cycles
- Promote business involvement and integration
Insight driven organization
- Retain competitive advantage
- Reduce decision-making cost
- Leverage cognitive and AI solutions
Personalized & intuitive reporting
- Tailored reports to each user’s role
- Mobile optimized data visualization – auto-pushed to end-users
- Usage of Cloud/ mobile platforms to disseminate reporting
We’ve done it before
The client, a payment processing company, had an imperative need to reduce operating expenses, which required the analysis of the budgets of each area, to justify and approve each expenditure for 2021, as well as identifying concrete opportunities for improvement.
Deloitte's approach to the project was the Zero-based budgeting methodology, in order to drive value by reviewing the company’s cost structure, projects, objectives and approach budgeting in a holistic way. We analyzed the budget of each Institution’s business area, identifying concrete opportunities for improvement and their respective optimization potential.
After only 12 weeks, the following results were achieved: identification of a relevant savings potential for the next 3 years; identification of a range of concrete operational cost optimization initiatives regarding business and IT related expenses; and a list of specific KPIs to follow-up the developed model.Download Case study
Reshaping the Cost Model
The client, a payment processing company, had a low acceptance of the existing Cost Model and the need to change its IT infrastructure.
SMART Decision was the solution chosen to create a Cost Model, incorporating well-defined cost objects and allocation principles, and to produce clear and simple outputs.
After only 4 months, the following results were achieved: implementation of the new Cost Model with allocation methodologies and associated reports, tailor made to the needs of the Institution; definition of the Cost Model Governance, and creation of the Cost Model Reports, adjusted to the information needs of the different business areas.
The project successfully achieved its goal of developing a new Cost Model, allowing the Institution to understand in a transparent, granular and integrated way the costs associated with their products and services as well as to use this information to support the Institution’s decision-making processes.Download Case study